Currency

The Currency page lets you activate the currencies your organisation transacts in and designate a base (reporting) currency.

Navigation: Administration → Financial Setup → Currency Used

Currency List

The currency table shows all available currencies with:

Column	Description
Currency Code	ISO 4217 code (e.g., UGX, USD, KES)
Currency Name	Full name (e.g., Ugandan Shilling)
Symbol	Display symbol (e.g., USh, $, KSh)
Is Base	Whether this is the base/reporting currency
Status	Active or inactive
Approval Status	Whether the currency activation has been approved

Activating a Currency

1. Click Activate Currency
2. Select the currency from the global currency list
3. Confirm the activation

INFO

PinkApple maintains a master list of world currencies. You activate the ones you need — you don't create currencies from scratch.

Base Currency

The base currency is your organisation's primary reporting currency. All financial statements, reports, and consolidations use this currency. It is set during company registration and typically cannot be changed afterward.

Multi-currency transactions are converted to the base currency using the exchange rates you configure (see Exchange Rates).

Multi-Currency Operations

When you activate multiple currencies, the system supports:

• Multi-currency accounts — Deposit and loan accounts in different currencies
• Foreign currency journals — GL entries in non-base currencies
• Automatic conversion — Transaction amounts are recorded in both the original and base currencies
• Realised/unrealised gains — Exchange rate differences are tracked

TIP

Activate only the currencies you actually use. Each active currency may require exchange rate maintenance and adds complexity to reporting.

Next Steps

• Exchange Rates — Manage conversion rates between currencies